M WINKWORTH PLC (WINK) — Final audited results for the year ended 31 December 2024

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the M WINKWORTH PLC Full Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Dominic A. Gays. Good morning to you. Good morning, everyone. It's a pleasure to be here to present twenty twenty four results. Myself, Dominic A. G, CEO, WINKWORTH and Andrew Niccol, CFO. Good morning. So on that note, we will get underway. So I think really the best place for those that don't know us is to talk a little bit about the WINKWORTH, the model, a bit about our history, sort of give some background before we go into the results of 2024. We're a very old business. We established in 1835, and this is our one hundred and ninetieth year of trading. Despite being old, we were innovative and we were the first estate and suit franchise in The UK and did so in 1981. Since then, we've grown. We have a 100 offices across The UK. We own three offices ourselves in what we call Entrepreneur Manager Initiatives. We have 44 outside of London and 59 in London. Really the 59 are, I suppose, the differentiator of WINKWORTH versus other franchise networks, indeed many other estate agencies. It's a fairly irreplaceable network. It was done and grown from Central London outwards at a time when costs of opening office...